如符合下列条件-fia.pptVIP

Recommendations to Encourage Global Market Participation on Emerging Derivatives Markets鼓励参与全球新兴衍生产品市场的推荐意见  Effective Markets有效市场 Derivatives markets flourish where: 如符合下列条件，衍生产品市场将会蓬勃发展： products are well designed and are deemed by market participants to provide good hedging opportunities; 产品设计完善，给市场参与者提供良好的风险对冲机会； 2. price discovery is fair and transparent, and there is adequate liquidity; 市场定价公平、透明，有充足的流动量； 3. there are effective rules prohibiting market offenses (for example, manipulation) and fraudulent practices, as well as governing market operations; the rules are applied a